1695 Capital Cir NW - Hospitality FOR SALE


Tallahassee, FL 32303- Northwest Tallahassee
$9,000,000 USD
704-904-0480
1695 Capital Cir NW, Tallahassee, FL for Sale
$9,000,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

1695 Capital Cir NW
Tallahassee, FL 32303
Northwest Tallahassee


HIGHLIGHTS

  • Fully renovated, interior corridor hotel with all new FF&E
  • Rebranded into a rising boutique concept
  • Closest hotel to Tallahassee International Airport
  • Near FSU and downtown Tallahassee
  • Projected $2.1M+ revenue in Year 1 post-rebrand
  • Top-tier performer: #2 on TripAdvisor and strong RevPAR/Occupancy

OVERVIEW

Property Description NewGen Advisory is proud to exclusively present BOB Hotels Tallahassee – the closest hotel to Tallahassee International Airport. This prime location captures consistent traveler demand and positions the property as a gateway for both leisure and business guests flying into the region. Well positioned near the airport, Florida State University, and Tallahassee’s major commercial corridors, this is more than a stabilized investment – it's a brand platform with long-term growth potential. This fully repositioned, 78-room boutique hotel serves as the flagship for the BOB Hotels brand. It pairs institutional-quality design with scalable operations and strong financial performance – setting a new benchmark for botique hospitality. In less than 12 months, BOB Hotels Tallahassee has proven that affordable hotels can lead in design, comfort, and profitability. With May 2025 revenue topping $208K (30% over budget), a RevPAR index of 114.8%, and a TripAdvisor ranking of #2 out of 66 area hotels, this asset clearly outperforms local competition. Location Description Tallahassee, FL is a vibrant city in the Florida Panhandle, known for its rich history, lush natural surroundings, and dynamic role as the state capital. Home to major institutions like Florida State University and Florida A&M University, the city blends southern charm with a youthful, energetic atmosphere. Its rolling hills, canopy roads, and proximity to state parks make it a scenic and inviting destination for residents, students, and visitors alike.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$331 USD /SF

# OF ROOMS

78

PRICE/ROOM

$115,385 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BOB Hotels Tallahassee - Boutique on Budget

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1992

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

CP

APN/PARCEL ID

21-19-20-001-000.0

ASK ABOUT THIS PROPERTY

Roshan BhulaNewGen AdvisoryMore Info
704-904-0480

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Roshan BhulaNewGen AdvisoryMore Info
704-904-0480

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.